207 Ashley StAnn Arbor, MI 48104

For Lease
$35/SF/YR
Prime Downtown Ann Arbor location. Ideal for restaurant/bar.

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional 2-story, 5,500 sq ft retail space at 207-209 S Ashley St, Ann Arbor, MI 48104, is perfectly situated in the heart of downtown, near W. Washington. Built in 1908 and renovated in 2014, this single-tenancy property offers a unique opportunity for a food service establishment, bar, cafe, or event space. The building features a modern elevator and is zoned D1. Property taxes are $6 per square foot. This location benefits from its proximity to a planned 31-room boutique hotel with a rooftop bar and event space, projected to attract over 16,000 unique visitors annually. Potential exists for synergistic collaborations with the hotel, including shared event space and direct access to hotel amenities. The property's location across the street from a recently established family-friendly event space/cafe further enhances its appeal and potential for increased foot traffic. Ownership is open to creative proposals and long-term partnerships with tenants who share a vision for this vibrant location. This is a rare chance to establish a thriving business in a dynamic and rapidly developing area of Ann Arbor.

Highlights

  • Former mechanics garage with existing hoistway.
  • Currently occupied by a ground floor retailer and a second-floor fitness studio, both with strong performance and six-month lease flexibility.
  • Each floor offers approximately 2,800 square feet of space; the first floor is easily divisible into two units.
  • Building structurally sound for additional floors; rooftop addition feasible with upfront planning.
  • Seller open to tenant improvement cost-sharing and extensive remodeling.

Property Details for 207 Ashley St

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
5,500 SF
Year Built/Renovated
1908/2014
Buildings
1
Stories
2

Unit(s) available at that property

Space
Size
5,500 SF
Rate per SF
$35

Location Insight

City
Ann Arbor
County
Washtenaw
State
Michigan
Latitude
42.280133329491
Longitude
-83.749675032422
207 Ashley St, Ann Arbor, Michigan

FAQs

What type of property is this?
Retail property - Prime Downtown Ann Arbor location. Ideal for restaurant/bar.
Where is the retail property located?
The property is located at 207 Ashley St Ann Arbor, MI.
What is the lease rate?
The lease rate is $35/SF/YR.
What are key features of this property?
This property features: Former mechanics garage with existing hoistway.; Currently occupied by a ground floor retailer and a second-floor fitness studio, both with strong performance and six-month lease flexibility.; Each floor offers approximately 2,800 square feet of space; the first floor is easily divisible into two units.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
207 Ashley St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message